Tangent, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Tangent, Alberta, currently presents a stable environment with consistent growth. With a median house price of $490,000 and an annual increase of 2.8%, the market is experiencing healthy appreciation. Likewise, the median apartment price stands at $295,000, following a similar positive trend with a 1.9% year-over-year increment. The locality’s population has reached 15,200 and continues to grow at a rate of 2.7% per annum. This demographic expansion is supportive of the real estate demand and contributes to the overall market vitality.
Investment Opportunities and Potential
Investors considering Tangent as a destination for real estate ventures will find promising opportunities thanks to the steady growth trends in both housing and apartment sectors. The moderate yet consistent appreciation in property values indicates a market that is less prone to volatility, which could appeal to investors seeking more secure investments with long-term potential. The ongoing population growth further enhances the investment appeal, suggesting an increasing demand for housing which could lead to sustained or even improved price appreciation over time.
Future Market Outlook
The outlook for Tangent’s real estate market remains optimistic given the current data and trends. If the population continues to grow at its present rate, it can be expected that housing demand will rise correspondingly. Provided there are no significant economic shifts or policy changes that negatively impact the area, the market is likely to maintain its upward trajectory with regard to property values. Subsequently, Tangent may see further interest from both homebuyers and investors alike, which would contribute to the vibrancy and resilience of its real estate market.
